ITT Inc. (NYSE:ITT) to Issue Quarterly Dividend of $0.39

ITT Inc. (NYSE:ITT) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, September 8th will be given a dividend of 0.386 per share by the conglomerate on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th.

ITT has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. ITT has a dividend payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ITT to earn $9.18 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 16.8%.

ITT Trading Up 4.8%

NYSE ITT opened at $213.83 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $19.12 billion, a PE ratio of 37.71, a P/E/G ratio of 1.92 and a beta of 1.27. The stock has a 50-day simple moving average of $193.78 and a 200 day simple moving average of $196.90. ITT has a 12 month low of $164.00 and a 12 month high of $230.32.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.64 EPS. The firm’s revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts forecast that ITT will post 7.89 EPS for the current year.

Institutional Investors Weigh In On ITT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of ITT in the 2nd quarter worth about $28,000. Elyxium Wealth LLC bought a new stake in shares of ITT in the 4th quarter worth approximately $29,000. Bayban purchased a new position in shares of ITT during the 4th quarter valued at $31,000. Parkside Financial Bank & Trust boosted its position in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. Finally, Triumph Capital Management purchased a new position in ITT in the 3rd quarter valued at approximately $37,000. 91.59% of the stock is owned by institutional investors.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.